Navitas Semiconductor is trading at $13.55 (down 4.4%) as the stock sees profit-taking following a sharp multi-day rebound linked to its response to a Wolfspeed patent infringement lawsuit.
- The stock is experiencing heightened volatility after a relief rally helped recover losses from heavy selling pressure seen earlier in July.
- Today's decline occurs while the broader market remains relatively flat, suggesting the move is a correction from the recent legal-related surge.